Luna Park Sydney For Sale

[downunder]

Big change coming for Luna Park after hitting the market (realcommercial.com.au)

Who's buying?

It will continue to operate as an amusement park, and a good chunk of the structures are heritage listed.

Edited June 26 by downunder

[Baconjack]

Good time for brookfield to cash out after everything they’ve added in the last decade. They’ll probably make quite a bit off the sale compared to what they bought for.

I suspect another developer (or Lindsay fox type) will buy and keep it long term, village probably won’t buy the park unless BGH think it will be a cash out opportunity when they inevitably sell (even if the park makes shitloads off its venue operations), and ardent will cash out of dreamworld and wind up in the next 5 years or so.

Edited June 26 by Baconjack

[downunder]

Lol will Disney buy it? ....just kidding.

It will be interesting to see if they get any bites from amusement park operators like maybe a Merlin or a Parques Reunidos.